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SS3: ECONOMICS - 2ND TERM

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  1. Balance of Payment I | Week 1
    4 Topics
  2. Balance of Payment II | Week 2
    4 Topics
  3. Economic Growth & Development | Week 3
    1 Topic
    |
    1 Quiz
  4. Economic Development Planning | Week 4
    2 Topics
    |
    1 Quiz
  5. International Economic Organisations I | Week 5
    4 Topics
  6. International Economic Organisations II | Week 6
    6 Topics
    |
    1 Quiz
  7. Current Economic Plans | Week 7
    5 Topics
    |
    1 Quiz
  8. Economic Development Challenges | Week 8
    4 Topics
  9. Economic Reform Programs | Week 9
    5 Topics



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Below are Methods of Poverty Alleviation and Eradication

1. Increasing the supply of basic needs: Engage in the mass production of goods and services that could be afforded by the poor.

2. Removing constraints on government services: There should be no constraint on economic freedoms. Instead, the money spent on debt repayments can be used to help reduce poverty e.g. Basic health care and education.

3. Economic liberalization which requires extending property rights to the poor, especially the area of land.

4. Financial services, notably savings can be made accessible to the poor through technology, such as mobile banking.

5. Poverty alleviation also involves improving the living conditions of people who are already poor.

6. Economic growth has the indirect potential to alleviate poverty, as a result of a simultaneous increase in employment opportunities and an increase in labour productivity.

7. Debt relief is a way to help poor countries to tackle their debt crisis as the money meant for debt repayment could be used to better the poor people’s lot.

8. The role of education and skill-building: Universal public education in preparing youth for basic academic skills and perhaps many trade skills.

9. Mainstreaming gender: Ensure women’s equal rights and access to economic resources. This involves active involvement in poverty alleviation by linking women’s capacities and contributions with microeconomic issues.

10. Empower women: Encouraging more economic and political participation by women increases financial independence.

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